From Financialexpress · Urvi Malvania · · 50s
TCS CEO: Industrial Demand Recovery Expected
TCS CEO Krithivasan predicts industrial demand recovery amid global market resilience.
In brief
TCS CEO Krithivasan predicts industrial demand recovery amid global market resilience. TCS expects industrial demand to recover in core international markets despite retail pressures from inflation and tariffs. Originally reported by Financialexpress.
TCS CEO Krithivasan
TCS Managing Director and CEO K Krithivasan discusses demand trends and AI growth in an interview.
“we expect industrial demand to recover”
Core Markets Resilience
TCS expects resilient international demand driven by bfsi, manufacturing and technology services.
“we expect industrial demand to recover”
Q2 Performance
TCS reported constant-currency growth of 0.5% with international growth of 1.2% in q2.
“in q2 we had constant currency growth of 0.5%”
AI Revenue Growth
TCS crossed $3 billion annualised ai revenue with $500 million growth over last quarter.
“we crossed the $3 billion annualised revenue mark”
US PERM Program Impact
TCS has over 50% of us workforce as green card holders or citizens despite perm suspension.
“more than 50% of our us workforce are already green card holders or citizens”
Margin Challenges
TCS maintained flat operating margins due to hiring, partnerships and currency effects.
“we have been adding people over the past two quarters”
The main idea
TCS expects industrial demand to recover in core international markets despite retail pressures from inflation and tariffs.
